Below table shows the aggregate corporate performance for Q2-FY20 for a sample of 2,398 companies:
There is a significant decline in the number of industries recording positive net sales growth and net profit growth.
- Services led industries like private banks, telecom ? service provider, hospitals & healthcare services, IT software, retail, housing finance have recorded positive double digit growth in net sales.
- Automobile industries, refineries and steel are key industries which have recorded negative sales growth during the quarter.
Below provided information on industry wise performances of 62 industries in terms of net sales growth and net profit growth in Q2 FY19 and Q2 FY20.
Net sales growth:
- 19 out of 62 industries have registered a double digit growth in Q2 FY20 in terms of net sales namely airlines, railway wagons, electronic- components, private banks, telecom-service provider, IT software among others.
- 37 industries have registered negative growth in the net sales during the quarter.
- Electrodes and Welding Equipment, Trucks & LCV, aluminium, auto ancillary, trading among others recorded
- Negative sales growth in Q2-FY20 compared with significant positive growth in net sales in corresponding quarter a year ago.
Net profits growth:
- 22 out of 62 industries have registered double digit growth in the net profits in Q2 FY20 namely trading, engineering, steel & iron products, metals (non-ferrous), construction (real estate), cement and construction materials among others.
- 21 industries recorded contraction in net profits which include electrodes, auto ancillary, NBFCs, passenger cars, fertilisers, engineering among others.